FORT PIERCE, FL / ACCESSWIRE / October 6, 2022 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a new developer of electric sport boats with a ...
These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the demand for electric pontoon boats, the size of the pontoon boat market and Forza's ability to successfully generate revenue from selling elective pontoon boats. Important factors that could cause actual results to differ materially from current expectations include, among others, the demand for electric pontoon boats, the size of the pontoon boat market and Forza's ability to successfully generate revenue from selling elective pontoon boats, the duration and scope of the COVID-19 outbreak worldwide, including the impact to supply chains and state and local economies, and the risk factors described in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 filed with the Securities and Exchange Commission. We are focused on the creation, implementation and sale of electric boats utilizing our electric vehicle technology to control and power our boats and proprietary outboard electric motor. "Due to the integrated engineering of our FX1 hull, we can design the pontoon boat from the deck up, allowing us to store the two batteries in each hull." Forza has engaged Matthew Blew of Blew Hatch Labs, an industry professional who has designed pontoon boats for several of the leading pontoon manufacturers, to assist Forza's engineers with Forza's modern electric take on the popular pontoon boat. The pontoon boat market is expected to surpass $4 billion by 2028, up from $2.1 billion in 2021.